Tips for improving your credit score and managing money

Pay your bills on time, every time.

Decrease debt. Keep your credit card balances below 33 percent of your credit limit.

Create and follow a budget. Think of your household like a business. Effective businesses follow budgets and pay attention to cash flow.

Set financial goals.

Adjust spending/expenses to accomplish your goals.

List debts and prioritize payments. Generate a plan to pay off your debts.

Create an emergency fund. Open an account where you will save money for unexpected events. If you leave money in your checking account, it is likely to be spent.

Review credit reports periodically, online at www.annualcreditreport.com.

Schedule a yearly financial checkup. Just like visiting a doctor every year, it is important to review your financial health.